Markets

Jamaica’s Stern: Time for More Intra-Regional Trade

By: Caribbean Journal Staff - June 17, 2011

CARICOM must improve intra-regional trade if it is to address the problems stemming from the global downturn, Jamaican Minister for Industry, Investment and Commerce Michael Stern said yesterday at the University of the West Indies. “The reality is that we must explore new avenues to grow our economies in full recognition that we are operating in a changed environment,” he said. “Heightened competition and tighter credit restrictions are but two of the imperatives our region must confront, as we seek to kick-start our economies. We must identify new paths to enhance trade and investment within CARICOM and to address the decline in trade and investment with the rest of the world.” According to Stern, the United States’ share of the region’s imports fell from 55 percent in 2000 to 32 percent in 2009. The U.S.’s share of the market for Caribbean goods and services also fell from 61 percent to 42 percent in the same period, he said.

–Jamaica Information Service

Popular Posts w punta cana

A New All-Inclusive W Hotel Is Opening This Year in Punta Cana 

The first-ever all-inclusive W Hotel in the Caribbean is opening this year in Punta Cana, Dominican Republic, Caribbean Journal has learned.  The hotel, part of a broad expansion for parent company Marriott International, is on the list of expected 2024 […]


Why Grenada Is a New Caribbean Luxury Hotspot

beach house silversands

From its world-renowned chocolate to its pristine beaches to a region-leading focus on sustainability, Grenada is as fascinating and unique as destination as you’ll find in the Caribbean.  But in the last few years, the lush Eastern Caribberan island has […]


5 Adults-Only Resorts to Visit Right Now in the Caribbean 

galley bay

Sometimes you just want that extra degree of serenity, of privacy, of seclusion. There is a reason, after all, that adults-only resorts are booming in popularity, particularly in the Caribbean: travelers want to know that when they arrive, they know […]


Related Posts doctors cave beach with waves

Jamaica Adding New Automated Passport Kiosks

In a a bid to expedite processing at two of the Caribbean’s busiest airports, Jamaica is adding new automated passport control kiosks in Kingston and Montego Bay.  The new kiosks aim to “streamline passenger flow,” according to a statement from […]


The Cool List: the Coolest Hotels in the Caribbean for 2024

the cool list 2024

They’re different. They’re fun, they’re colorful, they’re unique. They’re themselves. The Caribbean has no shortage of cool hotels and in this, Caribbean Journal’s 12th annual Cool List, we highlight the places that hit you in a different way, that do […]


The 25 Best All-Inclusive Resorts in the Caribbean, from Adults-Only to Boutique

hammock cove in antigua

What is an all-inclusive resort? In recent years, the answer to that question has changed dramatically. Today, all-inclusive means a resort that is at the cutting edge of travel trends, one that is catering to the demands of a massive […]


SUBSCRIBE!

Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.


No. Thank You